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House Bill 1173


House Bill 1173

ARCHIVE (2009)

Latest Information

 

DIGEST OF HB1173 (Updated February 2, 2009 3:59 pm - DI 84)


Small loans and check cashing transactions. Specifies that the limits on the finance charges that may be imposed in connection with a small loan apply to the loan's principal. Provides that the pamphlet required to be provided by a small loan lender to a borrower must, after July 1, 2009, contain information on other loans and financial products that may be available to the borrower. Provides that the pamphlet shall be prescribed by the director of the department of financial institutions (department). Requires a licensed casher of checks to submit an annual report to the department that includes certain information concerning the check cashing transactions conducted by the licensee at the licensee's Indiana locations during the previous calendar year.
Current Status:
 In Committee - 2nd House
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